The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-05-25
THE MORNING NEWS: WEDNESDAY, MAY 25, 1887.


| sellers; July and August 50-6id. value Au-
| gust and September 52-64d, buyers; September
| and October 42-64d, buyers october and No
! vember s2-G4d. buyers; November and Decem-
Der 30-64d sellers; September 53-64d, buyers.
New YORK, May a. noon--Cotton opened
| steady; middlng uplands II Lice, uliddling Or
| leans 1114c: sales $50 bales.
Futures-Market steady with sales as follows:
May delivery lie, June 10 92c, July 10 97c, Au-
| gust lie. September 10 Csc, October 10 19c,
| 500 p. m.-Market closed steady; middling
uplands Il l-lGc, middling Orleans i114c; sales
to-day 242 bales; gross receipts ,9O6 bales.
| Futures-Market closed firm, with sales OF
| ZOO bales, rs follows May delivery 10 600
| 08c june 10 GG1l0 9Sc July II 0l01l OSc,
| October 10 26010 CSC November 10 02@10 06c,
| December 10 00@10 Ole, January 10 05Q110 06c.
| Green & Co.'S report on cotton futures says:
| The movement has been free and the tone
! huoyant, with the demand directed principally
| toward September and October, on which there
| was gain of l2 to 16 points, with other options
| showing only 6to Z points advance. The stimu-
| lus to the demand was thought TO be found in
| the belief of a scarcity of old cotton, with pros
poets that buyers wants were likely TO DE
| greater during the early fall than at any other
| period. A large portion of the inquiry came
| from outside sources on investment orders but
| there was also some local buying, as well as
| covering against short interest not before
GALVESTON, May 2i.-Cotton firm; middling
| 10 9l6c; net receipts II bales, gross II; sales
none stock 500 bales.
| NORFOLK, May 2l.-COtton firm; midd1ng
10 15l6c; net receipts $40 bales, gross 319 sales
| so bales; stock 1859 bales; exports, coastwise
| GIG bales.
| 111sc; net receipts none, gross 30 bales; stock
| $3.50 bales; exports, TO France IS bales.
| BosroN, May 24.-Cotton steady; middling
| 111sc; net receipts 63 bales, gross 254; sales
| WmmINGroN, May A-Cotton firm; mid
| ding 1034c net receipts bales, gross 3; sales
| none; stock 1916 bales
| PHILADELPHIA, Mey A.-Cotton firm; mid
ding 111sc net receipts 45 bales gross T2; stock
| 1859 bales
New ORLEANS, May 24.-Cotton firm middling
| 1880; net receipts 1,109 bales, gross 1,l0J;
| sales 500 bales; stock 1l63l2 bales
| MOBILE May 24.-Cotton firm middling l012c;
| net receipts bale, gross !; sales none; stock
| 1742 bales; exports coastwise 2S6 bales.
| MEMPHIS, May 2I.-Cotton firm; middling
| 10Ac; receipts 81 bales; shipments "a bales;
sales 925 bales; stock 1882 bales
| AUGUSTA, May 24.--Cotton firm; mlddllng
| 1880; receipts bales sales 81 bales
CHARLESTON, May A--Cotton quiet but firm
middling 101Ic; net receipts IL bales gross 10;
sales 10 bales; stock 1,045 bales.
| ATLANTA, May .-Cotton-middling l01Sc; re
| cepts bales.
New YoRK, May demonstrated net re-
ceipts for all cotton ports to-day 1888 bales; ex
| ports, to France % bales to the continent 2,2lS
| stock at all American ports 364, o9I bales
| PROVISIONS, GROCERIES, ETC.
LIVERPOOL, May "a, 1890 p. m.-Wheat firm;
holders offer moderately; receipts of wheat for
the past three days 10000 centals, including
| $4,000 American. Corn dull; demand poor; re
ceipts of American for the past three days 3d. 800
| centalS.
New York. May "a, noon-Flour quiet but
| firm. Wheat lower. Corn lower. Pork steady;
mess SIS OO016 25. Lard dull at So 971s Old
mess pork steady at SIS 25@15 so. Freights
| steady
500 p. rn.-Flour, Southern quiet Wheat
firm, with moderate export inquiry No 2 red,
| May delivery 9Gl9096Isc, July 963s@971sc. Corn
steady and 1s@14c lower; No :, May delivery
4719c,, July $3.50 1870: Oats z4c lower; Western
mixed 34636c; No. 2 May delivery 3314c, July
33ls@33 7-l6c. Hops quiet. Coffee, fair Rio
quiet at zoe; No Rio active and lower; May
delivery IS acc, July IS 05Q41S 45c, July 10 400
1s Soc. Sugar firm; refined firm-C 41@049sc,
extra 434@41sc, off A 5]565 3-16c, mould A
| 5 13-166o55Sc standard A 7-16c, confectioners
A 534c, cut loaf and crushed SIG, graduated
| SIC. Molasses quiet but steady; 500 test 2Oc.
Cotton seed oil-SS@34c for crude, 4Oc for re
| fined. Hides quiet but firm New Orleans select
ed, 10 to 80 pounds, 919c; Texas, selected, so to
| go pounds, 10c. Wool steady; domestic fleece 80
| 137c pulled 1401434c; Texas 9Go24c. Pork dull
! and weak; mess SIS 250l5 80 for old; SIG 000l
16 25 for new. Beef dull. Middles dull, weak and
nominal. Lard a shade lower and dull; Western
steam Sc 9716, June delivery Sc $685. SO, July
81 O56D7 ca Freights steady; cotton, per steam,
| 1-16d wheat, Esd.
CHICAGO, May 24.-Local rains and the show
| cry condition generally increased the number of
reazers at the opening this morning Receipts
| of wheat 400 cars), q very large share of which
| came in over the Chicago, Milwaukee and st.
| Paul. and Chicago and Northwestern roads, bore
| up apparently the prediction that the recent rail
| cut on big grangers was going to bring good
| supply of wheat here at once and this, too, had
| a weakening effect upon prices The crowd was
| very bearish and determined to sell june wheat
| It was currently reported and generally credited
| among them that the clique was unloading June
| and changing TO July. Consequently there was
| a disposition to sell the former and buy the lat
| ter, and July really became more active. June
| wheat opened at SOC, dropped Immediately to
| SSl4c and recovered gradually to SS18c, where it
| was held steady for some time. Toward midday
| it again dropped to Sc, at which point the
| clique came in with buying orders. They took
| everything offered at Sc and did not allow the
| market to go below that. For the latter part of
| the morning session June ranged between $50
| SSI4c, with trading fairly active in June, July
| and August. June closed for the day at 81 l2c.
| July opened at Ssc and sold off points during
! the day closing at e6c. Trading in corn was
| heavier than for several months. Corn opened
weak at 403s0l 4015c for July, and, sold down TO
| 40L4c in the first hours trading, and afterward
to doc at which figure it closed for the day. Pro
| visions were weak all day. July ribs started at
| 81 3216 and closed at 81 25. Lard sold down
| from S. 95 to So so.
| The following were the cash quotations:
| Flour dull and neglected. Wheat, No. spring
| 8714c; No. 2 red 87l9c. Corn No. 2, 3Sc Oats,
| No 2, &c. Mess pork S23. Lard SIS 65. Short
| rib sides, loose 81 1219617 15. Dry sailed Shout
| ders, boxed SIS 606g5 70; short clear sides, boxed
| s. 600G7 SIS. Whisky 81 10.
1 Iao1in0 Futures RANGED as follows: